January 19, 2009
Video
An Economist’s Perspective: Three Major Construction Industry Stories for 2009
CanaData chief economist Alex Carrick tells us, from an economist’s standpoint, what the top construction stories of 2009 will be.
Here’s a brief countdown of each of the stories, beginning with number three and ending with Carrick’s pick for the top construction story of 2009.
Number Three: The growth in private-sector construction.
Number Two: The push for more infrastructure spending.
Number One: The moderation of construction costs.
In short, now is the time to build, says Carrick, in order to take advantage of lower costs and increased availability of material and manpower.
“The advantage of building now is the story that most major associations in the industry should and will be promoting as strongly as possible in the marketplace as the year progresses,” says Carrick.
| MOST POPULAR STORIES |
- How to suspend a 13-storey tower over a century-old four-storey structure
- Toronto Maple Leaf Gardens time capsule included construction details of arena
- Caterpillar dispute a factor in CAW-CEP union merger talks
- Harley Davidson to roar into Quebec, with $15-million franchise headquarters under construction
- Future unclear for price of iron ore, scrap steel, rebar
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 333 projects with a total value of $7,273,203,495 that Reed Construction Data Building Reports reported on Thursday.
STADIUM, BERMS, PARKING GARAGE, SITE WORKS
$129,300,000 Ottawa ON Tenders
$80,000,000 North York ON Tenders
CONDOMINIUM APARTMENT BUILDING, RETAIL
$75,000,000 Toronto ON Prebid
| CURRENT STORIES |
- Ontario Road Builders’ Association focused on partnerships at convention
- Construction continues on the Regent Park Aquatic Centre in Toronto
- BML Multi Trades president Jim DiNovo takes helm of Hamilton-Halton Construction Association
- Seeing the sustainable forest for the trees
- Steel hurdles for Aga Khan Museum build
- Milton, Ontario council approves velodrome for 2015 Pan Am games
- ASHRAE, International Association of Plumbing and Mechanical Officials plan to cooperate on codes, standards
- MOD Developments 60-storey Massey Tower to include restoration of 1905 Toronto bank
- ERA Architects to conduct study for possible heritage district in Picton, Ontario
- Burlington, Ontario announces preferred hospital redevelopment site
- Bing Thom Architects to design Surrey Performing Arts Centre
- Wind farm contract awarded
- Opposition grows after deal collapses
- $1.8 billion in improvements planned for Vancouver airport
- When low bidders sue over contracts
- North Vancouver condos take shape
- U.S. firms expect fewer layoffs in 2012
- Maple Leaf Gardens time capsule discovered
- A look at Canada's historic concrete ship
- Partnership announced between File Hills Qu'Appelle Tribal Council and Graham Business Trust
- Mike Holmes-designed community in Alberta gets go ahead
- Province of British Columbia contributes cash to green energy projects
- Program for upcoming apprenticeship forum released
- New VRCA chair elected
- Construction union wage index remains the same
- Alberta government orders immediate site remediation
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- Canada’s leading indicator series continued to charge ahead in December (January 23, 2012)
- 2012 holds promise but there’s no denying the uncertainty (part 2) (January 12, 2012)
- 2012 holds promise but there’s no denying the uncertainty (part 1) (January 11, 2012)
- More
